we should extend out the strikes 110 88 etc
On Fri, Mar 14, 2014 at 12:11 PM, Tazia Smith wrote:
Classification: For internal use only
Jeffrey - Current indicative offer on the same June14 zero cost is 101/94.25
WTI Jun14
You buy call, strike 101
You sell put, strike X
100 lots on each leg
Costless package
Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade
Jun14 ref 97.60
X=94.25
Initial Margin: 13%
From. Tazia SmithrdbIdbcom
To. jeevacattonesmail.com.
Cc.
Date: 03/14201410:07 AM
Subject: Zero Cost Wil Cobar 101'94.5. spot ref 97.75111
Classification: For internal use only
Good Morning Jeffrey -
Crude ticking up this AM as you know, you can add to your risk reversal with the same 101 strike
call with a 94.50 indicative sold put (vs. your 93.50 yesterday. Let us know:
WTI Jun14
You buy call, strike 101
You sell put, strike X
100 lots on each leg
Costless package
Both legs knock out if WTI Jun14 setttles below $20/bbl on any day during the trade
Jun14 ref 97.75
X=94.50
CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0 110797
CONFIDENTIAL SDNY_GM_00256981
EFTA01453275